Trump-Backed WLFI Proposes Controversial Token Unlock Plan Amid Governance Concerns

Key Facts

1World Liberty Financial introduced a new governance proposal covering 62.28 billion locked WLFI tokens.

2The new plan leaves token holders who refuse the updated terms locked indefinitely.

World Liberty Financial (WLFI), the crypto initiative backed by the Trump family, has revealed specific details regarding its governance proposal for unlocking 62.28 billion tokens, sparking backlash from supporters. The updated plan introduces a total four-year timeline, consisting of a two-year lock-up period followed by a two-year vesting schedule, effectively preventing early investors from fully cashing out until after Donald Trump's second term ends. Currently, 80% of early investors' holdings remain locked by the firm, leading to widespread frustration and dissatisfaction among the project's initial backers. Critics argue that while these measures aim to manage liquidity, they impose severe restrictions that undermine decentralized principles. This proposal highlights significant governance risks and could negatively impact investor trust and the token's long-term market sentiment.

6 months ago

Version History

Version 16 months ago

What changed: Updated with specific details on the 4-year vesting schedule, the 80% lock-up of early investor holdings, and reports of investor dissatisfaction.